1) Asked about what scientific concept would improve everyone’s cognitive toolkit, “Richard Thaler proposes attaching the word “aether” to substitute for any variable that is asserted rather than proven — so, “business aren’t investing because of aether,” as opposed to “businesses aren’t investing because of uncertainty,” writes Ezra Klein.
4) Impulse saving in India (at the end of the article).
Cass Sunstein is currently the Administrator of the White House Office of Information and Regulatory Affairs and has no affiliation with the Nudge blog.
The Nudge blog is edited by John Balz.
Tell us about a nudge
What is Choice Architecture?
For a user-friendly introduction to choice architecture, check out this paper.